throw in real quick and critique president obama for lack of regulation but we never got to hear a defense in the discussion about what's really hang around regulation, why we are where we are. that's what we're having here. but if that's not held out in presidential debates even if it's a complicated subject, to make the statements it's not something american people can use. >> i want to bring in congresswoman maxine waters, democrat of california and a member of the house committee on financial services. congresswoman you were instrumental in developing and writing dodd-frank. i wanted to get your reaction to mitt romney's critique of it during the debate. >> well, thank you very much. i was more than surprised listening to mitt romney distort dodd-frank. as a matter of fact, he knows better with qualified mortgages, it's so important that we have this feature that we passed in dodd-frank because what we're saying to the banks is this. they must be sustainable. they must be safe mortgages. you must verify the income. you must know about the debt. you cannot have risky features such as ba